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Deutsche Bank, Commerzbank held talks about tie-up - source

FRANKFURT, Aug 31 (Reuters) - Top executives of Deutsche Bank and Commerzbank (Xetra: CBK100 - news) have held talks on a potential combination of Germany's no. 1 and 2 banks earlier this month, a source familiar with the matter said.

The two lenders have, however, shelved the project as they want to finish their restructuring before taking any steps in the direction of a merger, the source said.

"There was a round of talks in late August in which (Deutsche Bank Chief Executive) John Cryan and (Chief Financial Officer) Marcus Schenck were present," the source said.

Deutsche Bank (LSE: 0H7D.L - news) and Commerzbank declined to comment. (Reporting by Kathrin Jones; Additional reporting by Alexander Huebner; Editing by Andreas Framke and Maria Sheahan)